SB423 (2008) Detail

Relative to cashing of bingo winnings checks.


CHAPTER 44

SB 423 – FINAL VERSION

2008 SESSION

08-2789

08/10

SENATE BILL 423

AN ACT relative to cashing of bingo winnings checks.

SPONSORS: Sen. Kenney, Dist 3

COMMITTEE: Ways and Means

ANALYSIS

This bill allows a charitable organization to cash bingo winnings checks.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

08-2789

08/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eight

AN ACT relative to cashing of bingo winnings checks.

Be it Enacted by the Senate and House of Representatives in General Court convened:

44:1 Bingo; Cashing of Checks. Amend RSA 287-E:9, IV to read as follows:

IV. All charitable organizations licensed under this chapter shall maintain a separate checking account for the deposit and disbursement of all income relating to bingo and lucky 7, except cash prizes awarded at the games. All expenses shall be paid by check, and all prizes of $500 or more shall be paid by check. There shall be no commingling of bingo and lucky 7 funds with other funds of the charitable organization. The organization shall retain all cancelled checks for the payment of expenses and prizes for at least 2 years. The organization [shall not] may cash checks which it issues.

44:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: May 12, 2008

Effective Date: July 11, 2008